Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 15 - 03:55 PM

EUR/USD - Bears Can't Make Progress Despite US Data

By Christopher Romano  —  Nov 15 - 01:40 PM
  • NY opened near 1.0575 after 1.052375 traded on EBS during Asia hours

  • 1.0593 hit early NY but sellers emerged, EUR/USD neared the overnight low

  • US yields US2YT=RR, U$ rallied after retail sales, exp/imp price reports

  • Data drove investors to rethink the Fed's rate cutting path

  • DE-US spreads US2DE2=RR widened to increase the dollar's yield advantage

  • Gold XAU=, stocks ESv1 fell, USD/CNH rallied to reinforce US$ buying

  • EUR/USD bounced of NY's low, neared 1.0560, then neared 1.0540 late

  • Pair traded up +0.13% in NY's afternoon but techs leaned bearish

  • Hold below 5-DMA & psychological 1.0600 level, monthly RSI are bear signs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!